December 19, 2022

#184: Interest only vs Principal & Interest – Why working through the different considerations could add millions to your nest egg at retire

43 minutes

Got a question for the trio? - https://zfrmz.com/uLtjhyBskV96PY6eJfaIhttps://propertyplanning.com.au/propertyplannerbuyerprofessor/ Pete kicks off this week’s market update circles in on the fact that the 'top end of the market' is the fastest falling segment. As he points out, it's the highest 25% of property that is dropping in value the most. Generally in a downturn, it's led by the more expensive properties. Dave tackles the cyclical nature of all markets, specifically the lending markets. Banks are coming up with more creative ways to get loans approved for people. Policies enabling low documentation are starting to appear, and it proves that when it comes to lending policy, every lender is different. Cate shares with the listeners the power of FOMO at the end of the year; even in a tougher market. The dwindling supply of stock is having an impact on the supply:demand ratio for buyers in the run-up to Christmas closure. 1. Why is repayment strategy so important? 2. Is it a good idea to pay down all of your debt? 3. Hold while you accumulate! 4. How do we optimise investment deductions? 5. The amount of money we have in our offset/savings account is one of quite a few benefits of having a war chest. 6. Which repayment strategy is RIGHT? And our gold nuggets.... David Johnston, the 'Property Planner's Gold Nugget: Dave shares two valuable key things for our listeners to take away;

Getting the repayment strategy right can help us retain property that may otherwise have required us to divest.
Getting the repayment strategy right can also maximise our deductible debt long term, and in particular, for property that may not have originally served as an investment property.

Cate Bakos, the 'Property Buyer's Gold Nugget: Cate reminds listeners that sleeping well at night is most important. If an investor is so stressed that they chose to divest a good property, this outcome is worse than losing on tax deductions and savings flexibility. Visit the show notes:https://propertyplanning.com.au/184-mortgage-repayment-strategy/

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By Cate Bakos, David Johnston and Mike Mortlock

22 ratings

December 19, 2022

#184: Interest only vs Principal & Interest – Why working through the different considerations could add millions to your nest egg at retire

43 minutes

Getting the repayment strategy right can help us retain property that may otherwise have required us to divest.
Getting the repayment strategy right can also maximise our deductible debt long term, and in particular, for property that may not have originally served as an investment property.

...more